Job creation slowed to about 5,000 in December, but ministry officials expect increases for January and February

BUENOS AIRES—Argentina’s unemployment rate fell to 7.6% in the fourth quarter of 2016, potentially easing pressure on President Mauricio Macri, who is battling complaints that his policies are taking too long to jump-start the economy and create jobs.

The jobless rate, reported by Argentina’s statistics agency on Thursday, is down from 8.5% in...